Cambrex Q2 Earnings Meet Views as Revenues Miss

Cambrex reported Friday mixed results for Q2 while increasing its adjusted earnings per share guidance for the year. Q2 adjusted EPS was $0.76, up from last year’s $0.68, matching the Capital IQ consensus. Revenues grew 13% year-over-year to $134.6 million and were shy of the $136.8 million estimate.

For the year, the company still expects revenues to grow 7% – 11%, but it increased its adjusted EPS guidance to a new range of $3.00 – $3.12 from previously $2.94 – $3.06

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